Malaysia: KPJ raises debt and sells Indonesia assets

Point Zone, a subsidiary of KPJ Healthcare, the Malaysian based regional healthcare provider, is reported to have raised RM555m (US$123m) from a sukuk offering launched from its RM3bn Islamic MTN programme. Split over three tranches: a RM150m five-year paying a profit rate of 4.5%, a RM175m seven-year at 4.69% and RM230m 10-year tranche paying 4.86%. OCBC…